SafetyNet Credit Alternative
SafetyNet Credit was a UK-based credit facility offering a revolving line of credit linked to your bank account. It allowed funds to be automatically transferred when your account balance fell below a certain threshold, helping you manage short-term cash flow issues.
Since SafetyNet Credit ceased operations, borrowers have sought alternatives offering similar features, such as flexibility, fast access to funds, and clear terms.

What is a Revolving Credit Facility?
A revolving credit facility works like an overdraft or credit card, giving you access to funds up to a predetermined limit. You only pay interest on the amount you use, and once repaid, the funds become available to borrow again.
Features to Look for in a SafetyNet Credit Alternative
Flexible Credit Lines
Many lenders now offer credit facilities similar to SafetyNet Credit, enabling you to borrow what you need, when you need it, without reapplying.
Transparent Costs
Regulated lenders in the UK must clearly outline all fees, interest rates, and repayment terms upfront, ensuring there are no surprises.
Quick Access to Funds
Alternatives often provide same-day funding, ensuring you can cover unexpected expenses without delay.
Accessible for Different Credit Histories
Some providers consider applications from borrowers with bad credit, focusing on affordability rather than solely relying on credit scores.
Alternative Options
1. Flexible Credit Lines
These work similarly to SafetyNet Credit, allowing you to draw funds as needed and repay them flexibly. Interest is charged only on the amount borrowed.
2. Short-Term Loans
For those who prefer fixed repayment schedules, short-term loans provide a clear borrowing structure with set instalments.
3. Overdraft Services
If you’re comfortable managing funds within your bank, an authorised overdraft can provide a safety net for temporary financial gaps.
Frequently Asked Questions
1. What replaced SafetyNet Credit?
While no direct replacement exists, many regulated lenders offer similar revolving credit facilities or short-term loans. These alternatives provide flexibility and transparency.
2. Are revolving credit facilities regulated in the UK?
Yes, all credit providers must be authorised by the Financial Conduct Authority (FCA), ensuring they follow strict rules to protect borrowers.
3. Can I get a SafetyNet Credit alternative with bad credit?
Yes, some lenders specialise in offering credit lines or loans to individuals with poor credit. They assess your affordability and current financial situation.
4. How quickly can I access funds with an alternative?
Many alternatives offer same-day access to funds once your application is approved, provided it is submitted during working hours.